Posted
by
Zonk
on Friday August 31, 2007 @12:54PM
from the before-the-door-shuts dept.

An anonymous reader writes "SCO is asking the court to enter a final judgment on the Unix ownership issues so that it can seek an immediate appeal. The logic for this, according to Groklaw Editor Pamela Jones, is that SCO would rather appeal right away so it can try all its claims at IBM, should it successfully appeal the judge's order. 'Otherwise, SCO has to wait until Novell goes through trial to a verdict and then appeal, and while it is in the appeal process, IBM would go forward in its now much smaller version, based on the August 10th ruling ... The trial starts, though, in less than a month and it will last less than a week, so none of this makes any sense if you look at a calendar. I think, therefore, it must be about FUD, so it sounds like SCO is on the move again.' The text of the request is available online. "

Hey, don't worry, their stock [google.com] is around 60 cents and was at 44 cents. If they drop below a quarter a share, they get delisted (just like SGI). As far as Wall Street (and investors are concerned), you might as well be dead once that happens.

You can tell how much each of their moves is worth by watching their stock. Lose the Unix case, your stock drops from $1.56 to $0.44. Make a shill appeal and win back 16 cents. Laughable at best.

Annoying? Yes. Something to worry about? Not at all in my opinion.

These have been considered junk stocks for awhile. Now they're simply laughable junk stocks. Expect to see them in your spam e-mails with scams claiming they'll be opening at a nickel and closing at a dime.

These have been considered junk stocks for awhile. Now they're simply laughable junk stocks. Expect to see them in your spam e-mails with scams claiming they'll be opening at a nickel and closing at a dime.

Hey, don't worry, their stock is around 60 cents and was at 44 cents. If they drop below a quarter a share, they get delisted (just like SGI). As far as Wall Street (and investors are concerned), you might as well be dead once that happens.You can tell how much each of their moves is worth by watching their stock. Lose the Unix case, your stock drops from $1.56 to $0.44. Make a shill appeal and win back 16 cents. Laughable at best.

SCO is the perfect example of how the stock market makes no sense. After t

Maybe if you make that "Indian casinos".Las Vegas is not in the same business as Indian and other local casinos and lotteries. They are in the gambling business, while we are in the fantasy business.-People play there trying to win; people come here (typically) knowing how much they will lose (with a hope to beat the odds). They get off the plane or climb out of the car, and for however many days, they're in a fantasy world.

The best example may be the guys that would never step foot in a bimbo joint, but

Does that make any rational sense? It doesn't to me, yet there appear to be many people out there who still think that SCOX has value.

Actually, for those who bought at $0.44/share, their investment is worth $0.68/share now-- a 54.5% increase in value, in about a week. There are lots of investors who buy when they think the stock is at its lowest possible value (short term or long term). Yes, they're taking a risk, but whether they think SCOX "has value" is irrelevant. I think history tells us that S

I think the other poster was on the right track. Clearly the management at SCO doesn't give a damn about the company and are operating in cahoots with the lawyers trying to bleed what's left through salaries and legal fees. They're probably shorting the stock too. At some point maybe the shareholders thought they could get some value out of the company through IP, but now it's just about the executives getting paid to do essentially nothing.

Hey, don't worry, their stock is around 60 cents and was at 44 cents. If they drop below a quarter a share, they get delisted (just like SGI). As far as Wall Street (and investors are concerned), you might as well be dead once that happens.

Really, they stop taking you seriously if you go under $1 a share. You might not be delisted, but "penny stocks" are rarely given serious consideration by anybody but fools and scammers.

Yeah, the $5 was a lot. I mean, it was a lot! Nearly broke me if I recall. Then I had to go into my user preferences and set it to never use my subscription pages. What brown nosing work! That one time fee of five American dollars is quite the payment, but I think if you ask them real nice, they may be able to work out a payment or leasing plan for you. Look into it.

i just wanted to know, can you tell me what it's like to be a complete fucking limpwristed brown noser?

Somedays it's really really hard. I mean, I think to myself, "How can I add to the conversation surrounding this story?" More importantly, I try to make it a rule to post only once to each story because if someone can refute my ideas then I should have prepared for that. I don't just value the ability to hold an opinion, but more so the ability to see all points of view and take them into consideration on your initial assessment of the situation. I'm a big fan of General Buck Turgeson and so I "Hate to judge before all the facts are in," and therefore, I consider my best comments to be those with little or no responses. I've been wrong thousands of times, was even wrong in the above post in that I thought delisting status came at under a quarter, not a dollar. But, hell, someone corrected me, good for them. Can't argue stuff like that. A lot of times, I don't even post I just read others comments because I really don't have anything to add (imagine that!).

As for my limp wrists, I'm quite sensitive about that and I would appreciate it if you left that out of the conversation. I had a freak teapot lifting accident when I was 8 and ever since then, I haven't been able to lift my knuckles above my ulnae & radii. Go ahead and laugh, all the kids did, I've learned to deal with it and push on. Oftentimes when I look in the mirror I see a fat, slower, stupider Lance Armstrong looking back at me. If Lance beat cancer, I can with God's help beat this horrible limp wrist affliction. Don't even get me started on the birthmark on my nose.

you're so fucking pathetic that it nearly makes me ill.

Well, go ahead and add me to your foes and give your foes a -5 modifier. You'll never see my comments again. You do know that Slashdot has that feature, right? I don't understand why it makes you ill. Did I crawl the intarweb to your computer and force you to read my comments and apply them to your skin or else you get the hose again? Truly baffling to me that my posts have the power to be an ailment.

So tell me, oh valued Anonymous Coward, what did you add to the conversation with your comment?

There is NO WAY a settlement could possibly pay for the cost of this legal fiasco. SCO's dignity was shot a long time ago, even if they do prove their case they will still look like an ass and their ship will sink.

It's not about the company any more making money any more. Bankruptcy is pretty much a foregone conclusion at this point. However, the longer the company holds on, the longer the money it technically shouldn't have any more can be spent on executive salaries (and bonuses--Darl has earned all sorts of bonuses for his "creative" approach to company management).

"Even a dead cat dropped off a roof will bounce a little" The stock will bounce up a little bit with the announcement and the investors will have a chance to mitigate their losses slightly.
Yawn./sbin/shutdown -h now

"Even a dead cat dropped off a roof will bounce a little" The stock will bounce up a little bit with the announcement and the investors will have a chance to mitigate their losses slightly. Yawn./sbin/shutdown -h now

Problem with that is that you know these clowns will surface again, buy some formerly well reputed company with a shaky claim against some cash-rich company, and try the same basic shakedown.

They HAVE to appeal. Everything else would be suicide. It's all they got. It's like not appealing a death sentence. Not appealing it means that you already lost. What could they lose? Nothing. What could they gain? Survival.

[Matthias is about to be stoned to death]
Matthias: Look, I don't think it ought to be blasphemy, just saying "Jehovah".
[Everyone gasps]
Jewish Official: You're only making it worse for yourself!
Matthias: Making it worse?! How can it be worse?! Jehovah! Jehovah! Jehovah!
(Shamelessly stolen from Life of Brian [wikiquote.org])

Sorry, you just reminded me of that scene and I agree with both you and Matthias. You might as well appeal that death sentence/court judgement. As is now, they'll almost certainly burn. A small chance of success on appeal sure, but they might as well. Appealing is unlikely to land them in jail after all.

SCO knows their appeal has about as much chance as being stuck in a snowstorm on sunny July day in downtown Dallas. This is SCO trying to get the trial date pushed back far enough they can suck as much cash value out of the company as possible before filing for bankruptcy protection.

If they lose now they'll leave behind a chunk of cash.

Hopefully the appeals court opts not to review the case and SCO is dead by Christmas. What a nice present that would be for the holidays.

There was a filing in the IBM V TSCOG case if the judge agrees with IBM filing then TSCOG can fail to appeal the IBM case at the same time.the question was given the PSJ filings what is left in the TSCOG V IBM case (since the matter has overlap)

IBM : Nothing left

TSCOG: the Dog ate my homeworki would expect a PSJ filing in the IBM case oh say friday at 05:00 EDT so whats the line on SCOX being delisted by next tuesday (i would bet on a STOP TRADE order by 03:00 on next monday)?

The next move from SCO will be a motion to stay everything while they appeal. That will delay everything, which is exactly what SCO wants. They should be made to wait and appeal after they have lost everything.

Anyway, if nothing else, they are tenacious. A rather virtuous trait in most instances. Forget all that crap about dignity and credibility. This is about money. And somebody's doing pretty well for for it. So get some more popcorn, sit back, and enjoy the show. This is what IP law is all about. I'm not sure what else you could expect, but this is what you get from it.

SCOX has just filed this motion. Novell gets 15 days to reply, which puts the deadline in the second week of september. Then SCOX gets 7 days to reply to Novell. But the trial is scheduled to begin on september 17. The easiest thing for the judge to do is deny SCOX's motion as moot and say "don't worry, you'll get your final judgment soon enough".

If IBM buys SCO then IBM becomes responsible for the lawsuits... not good.
And SCO's shareholders get enriched... also not good.

No, IBM's best course of action is to keep going and eventually the court will judge in favour of IBM and award IBM anything remaining from the dust which is SCO. It is likely however that Novell will claim all remaining assets first, so IBM will not be able to recover the many millions it spent in legal fees (and the cost of the time spent answering discovery requests and so o

The short answer is that this won't affect you. You only have to respect patents and copyrights. Third parties can basically ignore contractual obligations.If you look closely, you will see that SCO is making all kinds of allegations. But it's not saying "Linux violates our patent number X,YZT,ABC" or "Linux contains code that we hold copyright to". It's saying, "other companies violated their contracts with us".

These kinds of claims have no effect on innocent third parties, unlike patent and copyright clai